Providence Network

Analysis

Providence Network is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in December 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Providence Network reported income of $1.9m and spending of $2.2m, spending 113% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.6m to $1.9m (+20%), an average of +4.6% a year. The sharpest change came in the year to March 2021, when income rose by 40%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Providence Network sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Family Ties of West Chester Inc ($1.9m), Bright Minds Academy Inc ($1.9m) and Outcomes Incorporated ($1.9m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 67% and program service revenue 32% of the total. Other salaries and wages came to $911k. At year end it held assets of $9.3m against liabilities of $2.8m, net assets of $6.5m. It reported 32 employees.